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(MangalamInd) Mangalam Ind complete technical analysis [charts+indicators] | Buy/Sell Mangalam Ind | (MangalamInd) share price targets

Complete technical analysis of Mangalam Ind (MangalamInd) by charts plus indicators, forecast predictions and share price targets for Mangalam Ind (MangalamInd)

Showing technical analysis as on 2023-03-22 View latest technical analysis

10 day averaged volume of Mangalam Ind is 1886662

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed Mar 2023	2.43	2.28	2.43	2.24	1.556 times
21 Tue Mar 2023	2.21	2.12	2.24	2.07	0.876 times
20 Mon Mar 2023	2.07	2.05	2.10	1.98	0.376 times
17 Fri Mar 2023	2.00	2.04	2.04	1.93	0.527 times
16 Thu Mar 2023	2.00	2.00	2.05	1.90	0.56 times
15 Wed Mar 2023	1.96	1.89	2.07	1.83	1.107 times
14 Tue Mar 2023	1.89	1.99	1.99	1.88	0.863 times
13 Mon Mar 2023	1.97	2.08	2.08	1.96	0.969 times
10 Fri Mar 2023	2.08	2.13	2.13	2.05	1.319 times
09 Thu Mar 2023	2.13	2.19	2.21	2.11	1.595 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 2.4, for a target of 2.3 or 2.14

Share price targets for Mangalam Ind (MangalamInd)

Target Type	Value
Downside Target	1.83
Downside Target	1.98
Downside Target	2.05
Downside Target	2.20
Downside Target	2.30
Downside Target	2.38
Downside Target	2.43
Upside Target	2.95
Upside Target	3.14
Upside Target	3.70
Upside Target	4.11
Upside Target	4.45
Upside Target	5.28
Upside Target	5.74

Intraday share price targets for Mangalam Ind (MangalamInd)

Target Type	Value
Downside Intraday Target	2.13
Downside Intraday Target	1.83
Upside Intraday Target	2.58
Upside Intraday Target	2.73
Downside Intraday Target	2.28

Weekly technical analysis of Mangalam Ind (MangalamInd)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed Mar 2023	2.43	2.05	2.43	1.98	0.697 times
17 Fri Mar 2023	2.00	2.08	2.08	1.83	0.609 times
10 Fri Mar 2023	2.08	2.22	2.30	2.05	1.294 times
03 Fri Mar 2023	2.19	2.27	2.38	2.07	1.547 times
24 Fri Feb 2023	2.27	2.35	2.46	2.20	0.562 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mangalam Ind (MangalamInd)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Wed Mar 2023	2.43	2.10	2.43	1.83	0.799 times
28 Tue Feb 2023	2.10	3.10	3.14	2.07	1.538 times
31 Tue Jan 2023	3.07	3.96	4.45	2.95	0.807 times
30 Fri Dec 2022	3.95	5.00	5.28	3.70	0.921 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mangalam Ind (MangalamInd)

Price action analysis of Mangalam Ind ( (MangalamInd) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mangalam Ind ( (MangalamInd) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mangalam Ind ( (MangalamInd) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Mangalam Ind stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Mangalam Ind in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mangalam Ind Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mangalam Ind in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Mangalam Ind is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.11 and Mangalam Ind (MangalamInd) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Mangalam Ind (MangalamInd) stock. Volume based technical analysis of Mangalam Ind (MangalamInd) stock is negative.

Mangalam Ind Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.